Cost of Living in Colman, SD
Housing
The housing market plays a significant role in determining the cost of living in Colman, SD.
- Housing Index: 92 / 100
- Median Home Price is: $247,500
- Average Rent (2 BR Apartment): $1139 per month
- Average Rent (2 BR House): $1238 per month
When considering a move to Colman, SD, it's crucial to evaluate the local housing market. With a housing index of 92 and a median home price of 247500, it seems entry into homeownership could be moderately priced. However, it’s noteworthy that both the average rent for a 2-bedroom apartment and a 2-bedroom house are currently reported at $0, indicating a potential shortage in rental availability or data reporting issues. Homes with median prices under the national average could provide an attractive option for buyers, potentially enhancing long-term value.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Colman, SD.
- Electricity Price: $14.15 USD (median by state)
- Natural Gas Price: $10.63 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $238 per month
Living in Colman, SD could entail higher utility costs. Electricity costs sit at $14.15, while natural gas is priced at $10.63 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $238 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Colman is a financially viable option for your relocation.